RAMCO Agrees $10m per annum Contract with Equinor

Source: www.gulfoilandgas.com 6/8/2018, Location: Europe

RAMCO, the international specialist in the care and maintenance of oil country tubular goods (OCTG), has signed a major contract with Equinor (formerly Statoil) for inspection and mobilisation of casing and tubing in Norway, worth more than $10 million USD a year to 2024.

Over the last 40 years, RAMCO has played a key role in the provision of inspection and cleaning for OCTG pipe and during this time the company has developed a long-standing relationship with Equinor delivering pipe care excellence in Norway.

This new contract, which is initially for two-years, covers sites in the ports of Flor?and Sandnessj?en and will see RAMCO deliver its Ready to Run service – a concept pioneered by the firm to prepare tubulars fully ready for use before they reach the rig site. There is agreement in place for extension options after two years and four years.

RAMCO’s services in Norway have proven safety, cost and time benefits to operations, including reduced manual handling, less preparation at the rig site and lower logistics requirements.

Arild Moe, Managing Director Norway, RAMCO, said: “Following the Norwegian Government’s renewed commitments to the Norwegian Continental Shelf (NCS) with the announcement of its recent production licenses round in both new and mature areas, there is optimism for a sustainable future. We are part of that by creating genuine value in the supply chain and this contract is a true example.

“We anticipate further technical developments as part of Ready to Run as we continue to create long-term, cost-effective options for deployment across the Norwegian Continental Shelf. In Flor? and Sandnessj?en we have built-up our expertise over a decade and are looking forward to enhancing operations in these regions.”

Services will be carried out by experienced staff from both local communities, including inspection of casing and tubing in the range from 2 3/8” to 36”, installation of centralizersand bucking services on tubulars. On return from rigs, stock will be inspected, preserved and stored for future use.

RAMCO was established in 1977 in Aberdeen, UK and after four decades it remains an independent company with a strong international footprint.